THE PERLAN PROJECT INC

EIN: 272151721 501(c)(3) Science & Technology

BEAVERTON, OR

Total Revenue
$563,879
Total Expenses
$701,427
Total Assets
$665,840
Net Assets
$665,840
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OR
Principal Officer
EDWARD WARNOCK
Phone
5036430544
Tax Period
2024-01-01 to 2024-12-31

THE PERLAN PROJECT INC, founded in 2010, is a small nonprofit in the Science & Technology sector that reported $564K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $701K exceeded revenue, resulting in a 24% operating deficit.

Mission

USE ZERO EMISSION, HIGH ALTITUDE GLIDERS FLYING IN THE LOWER STRATOSPHERE UP TO THE EDGE OF SPACE TO GATHER DATA ON CONDITIONS BOTH NATURAL AND INTRODUCED BY HUMAN ACTIVITIES THAT IMPACT OUR PLANET'S WEATHER AND CLIMATE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $61,568
Program Service Revenue $494,061
Investment Income $7,200
Other Revenue $1,050
TOTAL REVENUE $563,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $265,006
Fundraising Expenses $440
Program Expenses $670,650
Other Expenses $436,421
TOTAL EXPENSES $701,427

Year-over-Year Comparison

2024 2023 Change
Revenue $563,879 $602,749 -0.1%
Expenses $701,427 $1,288,495 -0.5%
Net Income $-137,548 $-685,746 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
32

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$99,942
Total Directors
9
$265,006
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD WARNOCK CEO 11.54
Officer Director
$43,565 $0 $43,565
MORGAN SANDERCOCK PROJECT MANAGER 17.31
Director
$117,764 $0 $117,764
JIM PAYNE CHAIRMAN 17.31
Officer Director
$56,377 $0 $56,377
ELIZABETH AUSTIN CHIEF SCIENTIST 11.54
Director
$0 $0 $0
STEPHANE FYMAT MEMBER AT LARGE 0.96
Director
$0 $0 $0
TIM GARDNER MEMBER AT LARGE 17.31
Director
$42,144 $0 $42,144
JACQUELINE PAYNE CHIEF LOGISTICS OFFICER 13.46
Director
$5,156 $0 $5,156
MICHAEL BATALIA SECRETARY/TREASURER 9.62
Officer Director
$0 $0 $0
JAMES DARCY MEMBER AT LARGE 3.85
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $563,879 $701,427 $665,840 $-137,548
2023 $602,749 $1,288,495 $803,388 $-685,746
2022 $860,423 $649,714 $1,489,134 $210,709
2021 $1,310,788 $1,062,899 $1,278,425 $247,889
2020 $520,685 $1,113,186 $1,030,536 $-592,501
2019 $826,796 $1,993,598 $1,623,037 $-1,166,802
2018 $229,830 $1,745,870 $2,789,839 $-1,516,040
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